Iraqi Central Bank decides to expand the outlets selling the dollar
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    Moderator Honugirl's Avatar
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    Iraqi Central Bank decides to expand the outlets selling the dollar

    Tuesday, May 29, 2012 19:48

    Iraqi Central Bank decides to expand the outlets selling the dollar

    BAGHDAD / Baghdadiya News / .. decided to expand the Central Bank of Iraq dollar sales outlets to include private banks scattered throughout Iraq, after he decided last week to authorize a bank Rafidain and Rasheed buying and selling of the dollar with the customers directly.

    And the Central Bank of Iraq in an official statement obtained by / Baghdadiya News / a copy of it, that "the Iraqi dinar is stable highly reflected in the continuing rise in the exchange rate of the Iraqi dinar against the dollar in the local market, and that the intervention the central bank in the exchange market and his handling of the liquidity of gross and Mnasebha JD have achieved remarkable successes in the interest of stability in the national economy, especially after that led the government banks (Rafidain and Rasheed) a prominent role in the diversification of windows dollar cash sale to the public and official prices stable. "

    While confirming the CBI positive cooperation of the banking system in the stability of exchange rates of the Iraqi dinar, the wide range of private banks will start the other to sell the dollar cash to the public through the windows of sale approved and rate of exchange for no longer than 1189 dinars per dollar.

    He had earlier central bank decided last week that the Rafidain and Rasheed sold the U.S. dollar cash to the citizens at the price determined by the Central Bank of Iraq up to 1189 dinars to the dollar, and this sale within the FAQ and purposes under way in the use of foreign currency which is travel, treatment, Deputations and Hajj and Umrah.

    Prior to that between the Deputy Governor of the Central Bank of Iraq that the studies lasted nearly the year to achieve this step, referring to a statement to the Agency / Baghdadiya News / that this matter is not giving up on the functions of the bank and currency auction in favor of state banks, as far as what is the distribution of tasks correctly to facilitate banking transactions , especially since the system tolerate private documents required to transfer customers increased the volume of the external pressures on us and we are now we are not the functions of control transfers are our specialty and verified.

    He said "give banks the right to sell would be within their respective direct and they have the ability and manpower and time to do all the details of the sales and verification", / Finished

    Last edited by Honugirl; 05-30-2012 at 04:20 AM.
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